DVLP FACILITY: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DVLP FACILITY
Largest movements
- Formation expenses +€11,586
up €11,586 (+199%), from €5,808 to €17,393
- Receivables within one year +€2,870
up €2,870 (+20.3%), from €14,144 to €17,014
- Stocks and contracts +€840
new in 2025: €840
- Other debts +€64,669
up €64,669 (+89.6%), from €72,195 to €136,864
- Profit (loss) carried forward -€37,956
down €37,956 (-20.6%), from -€184,287 to -€222,243
- Tax, wage and social debts -€11,693
down €11,693 (-13.9%), from €84,060 to €72,367
of which Remuneration and social security: -€13,890
- Trade debts +€2,777
up €2,777 (+397%), from €699 to €3,475
- Current portion of long-term debt -€2,322
no longer reported in 2025 (was €2,322)
- Gross operating margin -€65,722
down €65,722 (-85.8%), from €76,564 to €10,843
- Staff costs -€51,127
down €51,127 (-47.3%), from €108,027 to €56,900
- Financial charges -€5,791
down €5,791 (-63.0%), from €9,196 to €3,405
of which Non-recurring financial charges: -€5,567
- Depreciation +€1,659
up €1,659 (+56.4%), from €2,942 to €4,600
- Other operating charges -€1,352
no longer reported in 2025 (was €1,352)
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,989 | €35,463 | +€15,475 | +77.4% |
| Formation expenses | 20 | €5,808 | €17,393 | +€11,586 | +199% |
| Fixed assets | 21/28 | - | €200 | +€200 | |
| Financial fixed assets | 28 | - | €200 | +€200 | |
| Current assets | 29/58 | €14,181 | €17,870 | +€3,689 | +26.0% |
| Stocks and contracts in progress | 3 | - | €840 | +€840 | |
| Stocks | 30/36 | - | €840 | +€840 | |
| Amounts receivable within one year | 40/41 | €14,144 | €17,014 | +€2,870 | +20.3% |
| Trade receivables | 40 | €14,144 | €17,014 | +€2,870 | +20.3% |
| Cash at bank and in hand | 54/58 | €37 | €16 | -€21 | -57.5% |
| Total equity and liabilities | 10/49 | €19,989 | €35,463 | +€15,475 | +77.4% |
| Equity | 10/15 | -€164,287 | -€202,243 | -€37,956 | -23.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€184,287 | -€222,243 | -€37,956 | -20.6% |
| Amounts payable | 17/49 | €184,276 | €237,707 | +€53,430 | +29.0% |
| Amounts payable within one year | 42/48 | €184,276 | €237,707 | +€53,430 | +29.0% |
| Current portion of amounts payable after more than one year | 42 | €2,322 | - | -€2,322 | |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €699 | €3,475 | +€2,777 | +397% |
| Suppliers | 440/4 | €699 | €3,475 | +€2,777 | +397% |
| Taxes, remuneration and social security | 45 | €84,060 | €72,367 | -€11,693 | -13.9% |
| Taxes | 450/3 | €48,779 | €50,976 | +€2,198 | +4.5% |
| Remuneration and social security | 454/9 | €35,281 | €21,391 | -€13,890 | -39.4% |
| Other amounts payable | 47/48 | €72,195 | €136,864 | +€64,669 | +89.6% |
| Remuneration, social security and pensions | 62 | €108,027 | €56,900 | -€51,127 | -47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,942 | €4,600 | +€1,659 | +56.4% |
| Other operating charges | 640/8 | €1,352 | - | -€1,352 | |
| Operating charges capitalised as restructuring costs | 649 | - | -€16,186 | -€16,186 | |
| Non-recurring operating charges | 66A | €3,452 | - | -€3,452 | |
| Gross operating margin | 9900 | €76,564 | €10,843 | -€65,722 | -85.8% |
| Operating profit (loss) | 9901 | -€39,208 | -€34,472 | +€4,736 | +12.1% |
| Financial charges | 65/66B | €9,196 | €3,405 | -€5,791 | -63.0% |
| Recurring financial charges | 65 | €2,972 | €2,748 | -€224 | -7.5% |
| Non-recurring financial charges | 66B | €6,224 | €657 | -€5,567 | -89.4% |
| Profit (loss) for the period before taxes | 9903 | -€48,404 | -€37,877 | +€10,527 | +21.7% |
| Income taxes | 67/77 | €837 | €79 | -€758 | -90.6% |
| Profit (loss) for the period | 9904 | -€49,241 | -€37,956 | +€11,285 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,241 | -€37,956 | +€11,285 | +22.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.